At a Glance: Beachfront hotel for sale, with private beach, big plot, swimming-pool, 200 beds. The Hotel is situated in the popular tourist village, in the region of Ionian Sea
Region: Ionian Sea
Prefecture / Location: click for info about Ionian Sea
Sale type: Sale of operating hotel
Property type: Hotel for sale with star rating
Current Status:
Alteration of use: The alteration of the hotel's use is not permitted
Suggested Usage: Hotel use / Resort /
Built in / year: 1989
Last Renovation / year: 1994
Accommodation
Type of Accommodation: Seafront beachfront hotel for sale / On the beach
Hotel Facilities: Reception, Indoor bar, Restaurant, Living room, Game room, 1 Shop, Swimming pool, pool bar, Playground.
Room Facilities: .
No. of elevators: There are no elevators
Max No. of Levels (floors): 2 levels
No. of buildings: 7 Buildings
Hotel view: Sea View
Between the hotel and the beach: There are not any properties
Beach landscape: Sandy
Number of Beds: 200
Total builded area in m2 : 5 000
Land size in m2 : 35 000
Land characterization : Outside urban planning
Remarks :
Development potential
Further permitted building area (m2): 3 000 m2
Subprojects / Remarks: The area of the land plot is 35.000 square meters. The total builded area of the hotel is 5.000 square meters corresponding to 100 rooms, 200 beds. There is possibility for a further development of the hotel and for the building of another 3.000 square meters, which are nearly 100 rooms, 200 beds. The hotel’s final potentiality will be 200 rooms, 400 beds. The drawings are already made and they are about to be filed to the Ministry of Tourism.
Available land attached (m2): 140 000 m2 with private beach
Distance from
The beach: beachfront hotel for sale (Private Beach)
Airport: 30 km (17 Minutes)
Heliport:
Seaplane Terminal: There is a seaplane terminal in the area
Harbour:
City / Village: 1500 meters from the village
Medical Center: Close to medical center
Marketing Data
The hotel operates: 6 months
Agreement with Tour operators: from Germany
Wider area development:
Tax data
Type of Transaction: Company sale
Tax / Remarks:
Financial Data
Selling price € : 10 000 000 (Updated: June 2018)
For the investor
Revenues / € : 1 000 000
Operating Expenses / € : 700 000
No. of employees :
Profit before Depreciations & Taxes / € : 300 000
Average yield / % : 3.15
Payback period / years :
Average Occupancy / % : Over 90%
Government Financial Support: There is a free Financial Support on the investment
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